FIN401- Cash Flow Evaluation

FIN401- Cash Flow Evaluation - Chipotle Mexican Grill, Inc....

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Consolidated statement of income (in thousands, except per share data) Year-over-year growth 2006 2007 2008 2009 2010 2007 2008 2009 2010 Average (4 yr) Revenue: Restaurant sales 819,787 1,085,047 1,331,968 1,518,417 1,835,922 32.36% 22.76% 14.00% 20.91% 22.51% Franchise royalties and fees 3,143 735 0 0 0 Total revenue 822,930 1,085,782 1,331,968 1,518,417 1,835,922 Costs as a percentage of restaurant sales Restaurant operating costs: 2007 2008 2009 2010 Average (4 yr) Food, beverage, and packaging 257,998 346,393 431,947 466,027 561,107 31.47% 31.92% 32.43% 30.69% 31.63% Labor 231,134 289,417 351,005 385,072 453,573 28.19% 26.67% 26.35% 25.36% 26.65% Occupancy 58,804 75,891 98,071 114,218 128,933 7.17% 6.99% 7.36% 7.52% 7.26% Other operating costs 102,745 131,512 164,018 174,581 202,904 12.53% 12.12% 12.31% 11.50% 12.12% General and administrative expenses 65,284 75,038 89,155 99,149 118,590 7.96% 6.92% 6.69% 6.53% 7.03% Depreciation and ammortization 34,253 43,595 52,770 61,308 68,921 4.18% 4.02% 3.96% 4.04% 4.05% Pre-opening costs 6,778 9,585 11,624 8,401 7,767 0.83% 0.88% 0.87% 0.55% 0.78% Loss of disposal of assets 3,982 6,168 9,339 5,956 6,296 0.49% 0.57% 0.70% 0.39% 0.54% 760,978 977,599 1,207,929 1,314,712 1,548,091 Income (loss) from operations 61,952 108,183 124,039 203,705 287,831 Interest income 6,574 6,115 3,469 925 1,499 Interest expense (271) (296) (302) (405) (269) Tax rate 2007 2008 2009 2010 Average (4 yr) Income (loss) before income taxes 68,255 114,002 127,206 204,225 289,061 -39.31% -38.10% -38.52% -37.89% -38.46% (Provision) benefit for income taxes (26,832) (43,439) (49,004) (77,380) (110,080) Net income (loss) 41,423 70,563 78,202 126,845 178,981 Earnings (loss) per common share - basic 1.29 2.16 2.39 3.99 5.73 Earnings (loss) per common share - diluted 1.28 2.13 2.36 3.95 5.64 Weighted average common shares outstan
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FIN401- Cash Flow Evaluation - Chipotle Mexican Grill, Inc....

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